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Canadian Real Estate/Questions Answered by Expert Derek Hamilton
| Subject | Date Asked |
| condo by-laws | 1/29/2012 |
| Q: Can a condo make a rule that all owners with dogs have to use the basement entrance and not the main ... A: Are you a Tenant or Owner of the Condo? The Condo board will have a board of Directors that can make ... | |
| CO-OPs and their varied forms. | 10/30/2011 |
| Q: Hamilton, My mother would like to buy a condo in Toronto, Ontario in a few years. Sometimes she ... A: Ideally I think your investment would be better Purchasing a Condo on the subway line from the lake ... | |
| Should I accept an unconditional offer? | 9/15/2011 |
| Q: I live in Ottawa and I'm selling my house. I have an unconditional offer with 2 conditions finance ... A: This is a Conditional Offer!! The Financing clause should be for 5 business days only! The Condition ... | |
| should I sell or rent | 8/18/2011 |
| Q: I am in a big dilemma because of the economy. I had put a deposit on a new construction house last ... A: You don't pay any capital gains if it's your principle residence. A home becomes a principle ... | |
| investing in real estate | 8/17/2011 |
| Q: I am a young single guy from Montreal who is considering investing in a duplex, triplex or condo. My ... A: I recommend buying Real Estate ! Being a Land lord has many challenges. It all depends on the type, ... | |
| should I sell or rent | 8/17/2011 |
| Q: I am in a big dilemma because of the economy. I had put a deposit on a new construction house last ... A: Why don't you wait for the new home to be finished, then put it on the Market to see if you can ... | |
| Only 1 showing-help! | 7/22/2011 |
| Q: Our house has been listed for almost two months with only one showing & 2 cancellations. Our house ... A: I don't believe a house can be under priced. A property is worth what a Buyer is willing to pay and ... | |
| Only 1 showing-help! | 7/22/2011 |
| Q: Our house has been listed for almost two months with only one showing & 2 cancellations. Our house ... A: The Market is what it is !! These are a few reasons why your house is still For Sale! 1. Price, ... | |
| Sellers and Conditional | 7/12/2011 |
| Q: I see that buyers can walk away from a conditional offer at anytime...can sellers? We had a ... A: The Home Inspection is done and the Buyer's would like you to replace the garage door? You don't ... | |
| Conditional offers | 6/22/2011 |
| Q: f I make a conditional offer (one of the conditions being the sale of my current house) on a ... A: The Seller can not accept another firm offer. They would have to make the other offer Conditional ... | |
| Retrofit Apartment | 5/17/2011 |
| Q: I recently purchased a home that I will partially rent out. The basement is separated into two ... A: I'm not sure where you're living? Anyway, with regards to basement apartments. A large majority of ... | |
| breaking away from home sale contract | 5/15/2011 |
| Q: What are the implications after a house is sold confirmed and the principal applicant refuses to ... A: If it's a firm deal and you can't arrange a Mortgage the deal will fall through and the property ... | |
| Conditional offers | 5/4/2011 |
| Q: I just accepted a conditional offer on my house I'm selling. I'm aware most sales go with house ... A: The Buyer can decide not to go ahead with the Inspection and just sign the Waiver with-in the time ... | |
| House with Balcony from washroom | 3/16/2011 |
| Q: We recently saw a plan for a new home from a builder. Everythings great except that the balcony on ... A: I have never seen such a strange floor plan? This is not normal! If you like the property and want ... | |
| Condo Clauses | 2/20/2011 |
| Q: I'm a new real estate agent and I'm working with a client who is planning to purchase a condo in the ... A: The most important clause is to make the Offer Conditional for 10 business days upon the Buyer and ... | |
| porting, bridging, options | 2/6/2011 |
| Q: I recently aquired a new position forcing my family to move. Our current home is for sale and on ... A: Talk to your Mortgage Broker. Usually you can Port your Mortgage from one property to another! ... | |
| backing out of conditional offer | 11/11/2010 |
| Q: I accepted a conditional offer (financing, inspection) for my house. The buyers requested 5 business ... A: Buyer's can walk away from a Conditional deal anytime!! They should get the deposit back ASAP. ... | |
| After closing | 8/24/2010 |
| Q: If after moving into a home, with an inspection, a deficiency is uncovered e.g. foundation problems, ... A: It's Buyer beware !! Often deficiency's will be uncovered after a Buyer moves into a property. A ... | |
| Expired Real Estate Contract | 7/7/2010 |
| Q: One week before our real estate contract expired, June 30th, our house was shown by ourselves ... A: If there is nothing in the Listing Contract about the (Hold Over Clause) then you're good to go. ... | |
| Real Estate Agent's Finder Fee | 7/2/2010 |
| Q: We talked to an agent who we may use but we discussed that we would probably try selling privately ... A: I suggest you just list with a Real Estate Agent and let the Professionals deal with the Sale of ... | |
| Home Inspection Dispute | 6/29/2010 |
| Q: We recently sold our home conditionally. When the buyers conducted their home inspection the morning ... A: Some Buyers will use the Home Inspection as a way to squeeze a little money from the Seller before ... | |
| Buyer breaks purchase agreement one week before closing date | 6/27/2010 |
| Q: I am closing the sale of my house in one week.We were told by our real estate agent that the buyer ... A: Talk to your Real Estate Lawyer A.S.A.P. You have a firm and binding contract but you can't get ... | |
| Can't sell my house with an unconditional offer on offer to purchase on another house | 6/25/2010 |
| Q: Derek On May 1 we made an unconditional offer to purchase a house with a $20K deposit. Our broker ... A: You need to Close as you have a firm Contract. You should ask the Seller for an extra 30 or 60 days! ... | |
| conditional real estate offer | 6/12/2010 |
| Q: If a conditional offer to purchase is received must the property be removed from the MLS listings ... A: When a Conditional offer is accepted. The property stays on the MLS and should read SOLD ... | |
| neighbor built house ect on our land | 6/7/2010 |
| Q: We bought our farm (80 acres) in 2006. A few months ago we began to suspect that our neighbors built ... A: Most Buyers arrange for a Survey when they buy Real Estate and if a neighbour's fence or a shed is ... | |
| neighbor built house ect on our land | 6/7/2010 |
| Q: We bought our farm (80 acres) in 2006. A few months ago we began to suspect that our neighbors built ... A: Do your neighbours know about this? This is not a good situation. You need to speak with a Real ... | |
| 1st Refusal | 4/5/2010 |
| Q: Can a vendor use a 48hr,first refusal clause for all the conditions including financing, and bldg. ... A: You can't force the first offer to drop all conditions. Speak with your Real Estate Agent. If there ... | |
| Contract Cancellation | 3/27/2010 |
| Q: I just have a quick question. My house will be going up on the market on April 08 2010. We have ... A: If you want to sell your home privately then try it? (not recommended)Decide now if your going to go ... | |
| Selling home/commissionfee | 1/30/2010 |
| Q: I live in Ottawa and would like to know what an acceptable commission fee is? Also our agent wants ... A: What doe's that mean? The Agent ONLY does Referrals? Is the Agent a Part Time Agent? If someone out ... | |
| Selling home/commissionfee | 1/30/2010 |
| Q: I live in Ottawa and would like to know what an acceptable commission fee is? Also our agent wants ... A: Do yourself a favour and hire a Painter. Get a few quotes anyway.Make sure you talk to a Designer to ... | |
| Selling home/commissionfee | 1/29/2010 |
| Q: I live in Ottawa and would like to know what an acceptable commission fee is? Also our agent wants ... A: An acceptable Commission Rate is 5% + GST if the Listing Agent has to share the Commission with ... | |
| Mortgage rates | 12/11/2009 |
| Q: I am in the process of getting a new mortgage for my home purchase. I have been offered a closed ... A: If you are on a fixed income and know that you will be in the property for a min. of 5 years. It ... | |
| contract | 10/19/2009 |
| Q: I was selling my property in BC on my own and 2 months into it decided to also list with a realty. I ... A: Check the listing. There may be an 60-90 day hold over clause in it. If so , you would have to wait ... | |
| Purchasing a condo in Toronto by a foreigner | 10/6/2009 |
| Q: I have no Canadian citizenship (I'm Israeli) but I would like to purchase a condo in Toronto. I ... A: Here is a contact for a Mortgage in Toronto. I hope she can help you. Tell her you have been talking ... | |
| Purchasing a condo in Toronto by a foreigner | 10/5/2009 |
| Q: I have no Canadian citizenship (I'm Israeli) but I would like to purchase a condo in Toronto. I ... A: There are many Condos on the market in Toronto ranging from $250,000 - $4,000,000 The first thing to ... | |
| Purchasing a condo in Toronto by a foreigner | 10/2/2009 |
| Q: I have no Canadian citizenship (I'm Israeli) but I would like to purchase a condo in Toronto. I ... A: Yes, You can purchase a Condo or any Real Estate in Toronto or anywhere in Canada. As far as getting ... | |
| After Real Estate Contract Expired | 10/2/2009 |
| Q: After the contract has expired, do I have to wait a certain time before I can sell my house on my ... A: You can do what ever you want after the listing has expired as long as they didn't come into the ... | |
| Buying and Renting Out A House | 6/2/2009 |
| Q: I am interested in buying a house (without selling my own), renovating it, and renting it out. How ... A: Go to your Bank or Mortgage Broker and ask if you qualify for another Mortgage? They can tell you. ... | |
| Purchasing abandoned land | 4/30/2009 |
| Q: I live in Toronto and there are a couple properties in my neighbourhood that have been vacant for a ... A: If you know of a Real Estate Agent that works the area they can look up the owner through the ... | |
| acceptable ceiling height | 4/2/2009 |
| Q: I am considering buying house in Ontario. The house dates from about 1984. It has been listed since ... A: I'm concerned about this ceiling height? The min.height should be 8 Ft. Maybe the previous owners ... | |
| Renting an Apartment in Ottawa | 3/20/2009 |
| Q: I am looking to move out of my parent's house to attend university in Ottawa. I would love to find ... A: Hey Taylor, Your best bet would be to post a note at the University looking to share a house or ... | |
| tenants | 2/7/2009 |
| Q: I'm interested in buying a house but it is rented to tenants and the lease is until 2010, and I was ... A: If the Tenants have a Lease in place on the property you have to honour that Lease until it expires ... | |
| closing rate in southern ontario | 2/2/2009 |
| Q: Bought new house by my friends and I with different closing dates. The first friend closed in Jan ... A: Dechen, I will give you two Lawyer's names. Clarke Merritt Barrister & Solicitor 3300-20 Queen St W ... | |
| closing rate in southern ontario | 1/31/2009 |
| Q: Bought new house by my friends and I with different closing dates. The first friend closed in Jan ... A: Depending on the size of a Law firm and any unforeseen problems with the property, most Law firms ... | |
Derek Hamilton
Top Expert on this page
Expertise
Any questions relating to Residential Real Estate in the City of Toronto or Southern Ontario. How much is my home worth in todays market? What's involved in Buying Real Estate ? How much do you need for a down payment? What's involved in Buying a Condo? What's involved in Buying a Co-op? What do you need as a deposit? How to choose a good Real Estate Agent for your property? What should you do to prepare your home for the market? How much Commission should you expect to pay? What are the expenses when Buying or selling your property? Should you have your home Staged for the market?
Experience
Residential Real Estate Sales Representative in Toronto Ont,Canada for 25 years. Award winner for 20 straight years with Royal Lepage & Sutton Group. Prior experience was 10 years building new custom homes & Renovations in North Toronto. I have a total of 30 years experience in the Residential Real Estate field.
Organizations
I also subscribe to the Georgian Triangle Real Estate Board in Collingwood & the surrounding areas.
Education/Credentials
George Brown College "Carpentry", Continuing Education with the Toronto Real Estate Board. Member sinse 1985.
Awards and Honors
Platinum Award 2000-2008
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